Stocks witnessed a sharp fall in the outgoing week after Eid holiday, as jittery investors fled risky assets, fearing that escalating Israel-Iran tensions will have a significant impact on the country's economy. Apart from the potential global crisis, the rising interest rates in the country prompted investors to opt for...
Read morePubali Bank PLC turned a record profit of Tk 6.95 billion in 2023, the highest since its listing on the stock market, riding on higher interest income along with significant earnings from the government securities.The lender's consolidated profit also surged by 23 per cent, compared to the previous year's profit...
Read moreThe First Quarter Business Review Meeting-2024 of The Premier Bank PLC was held at a city hotel on Friday. Dr HBM Iqbal, Chairman of the Board of Directors of the bank, was present as the chief guest while Managing Director & CEO M Reazul Karim presided over the event. Vice...
Read moreBEIJING, Apr 19 (Reuters): China will facilitate Hong Kong listings by leading Chinese companies and expand the Stock Connect cross-border investment scheme to promote Hong Kong's status as a global financial centre, China's securities regulator said on Friday.The investment link between mainland China and Hong Kong will be broadened to...
Read moreMUMBAI, Apr 19 (Reuters): Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion, three sources with direct knowledge of the matter told Reuters on Friday.SoftBank-backed Ola is India's answer to Uber and plans to file...
Read moreGlobal equity funds saw a jump in outflows in the seven days through April 17 as speculation the US Federal Reserve will delay cutting interest rates dampened investor sentiment, reports Reuters.Outflows were also fuelled by escalating geopolitical tensions in the Middle East following Iran's attack on Israel on Saturday.Investors pulled...
Read more© 2024 - All Rights with The Financial Express
